HOW DEMOGRAPHIC CHANGES IN THE WORLD AFFECT THE ECONOMIC PERFORMANCE OF COUNTRIES
HOW DEMOGRAPHIC CHANGES IN THE WORLD AFFECT THE ECONOMIC PERFORMANCE OF COUNTRIES

Author(s): Vladimir Ristanović
Subject(s): National Economy, Labor relations, Demography and human biology, Gerontology, Socio-Economic Research
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: population; labor force; labor productivity; supported population; economic performance;
Summary/Abstract: The discrepancy between the world’s economic and demographic performance dates back decades. The mismatch between population and economic growth has developed through globalization. The oldest theoretical directions and doctrines sought a rational explanation, but the problem became more and more complex over time. The basic premise of the paper is that demographic structure affects GDP. Furthermore, this impact varies from country to country and over several related years. A comparative analysis of selected countries/regions will show what the relationships are between economic and demographic performance. Measuring and evaluating this as accurately as possible is important to draw the right conclusions and adequate messages. Various demographic indicators were compared under different conditions and by structure. At the same time, their relationships with economic parameters were analyzed through their linear regression relationship using econometric analysis. The conclusions of the paper may be useful for creating socioeconomic policies in the future.

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